IGI Airport Ranked Highest in Duty Free Revenue per Passenger

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Delhi’s Indira Gandhi International Airport is ranked highest in duty-free revenue per passenger. India at 10 to 11 dollars per passenger in India 10 to 11 dollars per passenger.

A report by Knight Frank India states that retailers in the airport do two times the business compared to some of the most successful malls in the city. Non-aeronautical revenue of the joint venture airport in New Delhi is 70 per cent, which is well above the global average of 40 per cent. Of this 70 per cent, 34 per cent comes from retail, food and beverage, and duty free components which means around half of the total. Gulam Zia, Executive Director (valuation, advisory retail and hospitality), Knight Frank India commenting on this said, “Infrastructural development has always kept Delhi at the forefront of accounting higher retail revenue than other cities in the country. He further added that “Once Jewar airport in Noida gets operational, it will make the NCR the biggest transit retail opportunity sized market in India.” The upcoming international airport near NCR spreads over 3,000 hectares in Uttar Pradesh and is supposed to add significant value to Delhi’s transit retail market.

Delhi, the national capital, is the only Indian city to feature in the world’s top 10 business metro rails alongside London and Hong Kong. However, as compared to international metro cities, Delhi Metro has the lowest percentage share of non-fare box revenue ie 12 per cent. The report titled ‘Catch them Moving’ also shows that the Delhi Metro Rail Corporation (DMRC) has been trying to grow retail and other related businesses to stabilise earnings. Their non-fare box revenue target is at 30 per cent of its total earnings, there is still a large scope for increasing its contribution to the total revenue.

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